Last Updated:June 26, 2025, 07:59 IST
Stocks to watch: Shares of firms like SBI, JSW Steel, Tata Steel, Voda Idea, Reliance Infra, Nestle, and others will be in focus on Thursday’s trade
Stocks To Watch
Stocks to Watch on June 26: Indian equity markets extended their gains on Tuesday, maintaining a positive momentum for the second straight session. Buoyed by supportive global cues, the benchmarks ended nearly a percent higher. As markets open today, shares of several companies, including State Bank of India, JSW Steel, Rashtriya Chemicals, Tata Steel, and others, are likely to be in focus due to important corporate developments.
State Bank of India (SBI)
SBI is in the final stages of appointing multiple merchant banks to manage its proposed qualified institutional placement (QIP) of up to Rs 25,000 crore. This marks the state-run lender’s first equity fundraising via QIP in eight years.
JSW Steel
JSW Steel, led by Sajjan Jindal, has approached the Supreme Court seeking a review of its May 2 verdict, which annulled the company’s acquisition of Bhushan Power and Steel (BPSL). The deal had been pending resolution for over four years.
Rashtriya Chemicals and Fertilizers
The state-owned firm said it faces a financial impact of approximately Rs 204.14 crore after the Department of Fertilizers (DoF) refused to approve the cost of EPMC and spot gas used at its Trombay urea plant during FY22 and FY23.
Tata Steel
Tata Steel has acquired 1.79 crore equity shares of its Singapore-based subsidiary, T Steel Holdings Pte, for a total consideration of $180 million.
Kotak Mahindra Bank
MSCI ESG Ratings and Research Pvt Ltd has upgraded Kotak Mahindra Bank’s ESG rating from A to AA, reflecting improved environmental, social, and governance performance.
JSW Energy
Through its step-down subsidiary Energizent Power Pvt Ltd, JSW Energy has entered into a Power Purchase Agreement with NHPC Ltd for a 300 MW solar-wind hybrid project connected to the Inter-State Transmission System (ISTS).
Nestle India
FMCG giant Nestle India will consider a bonus share issue during its upcoming board meeting scheduled for Thursday, June 26.
Adani Enterprises
The company has approved a public issue of non-convertible debentures (NCDs), initially worth Rs 500 crore, with a green shoe option to raise an additional Rs 500 crore, making the total potential issue size Rs 1,000 crore.
Jio Financial Services
Jio Financial has informed the exchanges that it has subscribed to and been allotted 19 crore equity shares in Jio Payments Bank, amounting to an investment of Rs 190 crore.
Reliance Infrastructure
Its subsidiary, Reliance Defence, has bagged an export order worth Rs 600 crore from Germany’s Rheinmetall Waffe Munition GmbH, a leading defence and ammunition firm.
Central Depository Services (India) Ltd – CDSL
CDSL has signed a Memorandum of Understanding (MoU) with IIM Mumbai to leverage data analytics and research for innovation in the capital markets space.
Vodafone Idea
According to Bloomberg, the struggling telecom operator is in talks to raise up to Rs 250 billion (approximately $2.9 billion) to upgrade its network infrastructure and stem the outflow of subscribers to rival operators.
KNR Construction
The infrastructure firm has secured a Rs 4,801 crore contract for developing and operating the Banhardih Coal Mining Block in Jharkhand. The project was awarded by Patratu Vidyut Utpadan Nigam Ltd, a joint venture between NTPC and JBVNL.
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Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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